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Thursday, March 19, 2015

Annandale real estate market gaining strength

This 5,188-square foot house on Vellex Lane in the Wilburdale neighborhood is on the market for $1,169,888. It has five bedrooms, five bathrooms, a sun room, and much more. [Zillow]

The average price of a home sold in Annandale (zip code
22003) in February was $447,450, a 3.47 percent increase over the average home
sold here in February 2014, reports realtor Vivian Couts at Coldwell Banker.The median
price of homes sold last month, $481,000, is up 13.3 percent from February
2014.

Thirty six homes were sold in Annandale last month, compared
to just 28 in the same period a year ago. Home are also selling faster – the average
days on market are down from 59 in February 2014 to 5
+64 in February 2015.

While the number of detached houses sold last month are up
80 percent compared to February 2014, the number of attached units are down
30.8 percent.

The most expensive houses sold in Annandale last month were
in the $600,000 to $799,999 category; there were seven houses, all with four or more
bedrooms, sold in that category. There are 11 active listings for houses priced
in the $1 million to $2.49 million category.

Ellie I know that there are some better houses in this area to showcase for Annandale. Can you please pick some houses that are less garish. There is a really nice new renovation (my opinion) and a rather large one on Sleepy Hollow Road; sort of green taupe and unusual on a corner plot. This may be a much better example of how we may want to be represented.

Thank you, a concerned neighbor that would love for Annandale to have some good PR.

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